British Chamber of Commerce Signs New MoU with Oxford Business Group
May , 2018

Myanmar’s efforts to attract foreign investment for its infrastructural development and to galvanise broader economic growth will be analyzed in a report by the global research and consultancy firm Oxford Business Group (OBG) due out in the coming months. The Report: Myanmar 2019 will map out the key reforms that have been implemented with the aim of facilitating FDI, most notably the country’s investment and company laws. It will shine a spotlight on the areas of business that have expanded significantly on the back of capital infows, such as the telecoms sector. OBG’s publication will also consider the challenges that investors eyeing Myanmar’s opportunities face, many of which are refected in the country’s low rankings on both the Transparency International Corruption Perception and the World Bank’s Ease of doing Business indexes. The British Chamber of Commerce (BritCham) in Myanmar has signed a further memorandum of understanding (MoU) with OBG for its forthcoming publication. Under the MoU, the chamber will contribute to the research for The Report: Myanmar 2019. Chloe Taylor, Chief Executive, BritCham Myanmar, said she was thrilled to be teaming up with OBG again and contributing to its forthcoming report on the country’s investment opportunities. “Since opening up to the outside world, Myanmar has taken key steps forward in its efforts to attract inflows for its huge project pipeline and the many fedgling sectors of the economy that are ripe for growth. However, a lack of comprehensive and reliable data has sometimes made decision-making problematic for the investment community,” she said. “Oxford Business Group has played a major role in addressing this issue and flling important information gaps, providing its readers with the vital information they need on a broad range of issues, from regulatory changes to macroeconomic developments. I look forward to working with them once again on their publication which I know will be a valuable resource for our members.” Naiade Freitas, OBG’s Country Director in Myanmar, agreed that the country presented openings and challenges for investors in equal measure. “Our research points to an emerging and evolving market with tremendous potential, but one in which delays around the implementation of regulations continue to cause some concern,” she said. “Creating synergies and sharing information with local partners like BritCham Myanmar is a crucial part of ensuring that our reports provide investors with the business intelligence they need when weighing their decisions. I’m delighted that our team, and ultimately our readers, will once again beneft from the chamber’s input.”

The Report: Myanmar 2019 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain contributions from leading representatives. It will be available in print and online. The Report: Myanmar 2019 will be produced with the Myanmar Investment Commission and the British Chamber of Commerce, Myanmar. Through its range of products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, tourism, energy, construction, transport, industry and ICT.